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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and KILROY REALTY CORP (KRC). Click either name above to swap in a different company.
KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $259.0M, roughly 1.1× ASHFORD HOSPITALITY TRUST INC). KILROY REALTY CORP runs the higher net margin — 6.3% vs -26.8%, a 33.1% gap on every dollar of revenue. On growth, KILROY REALTY CORP posted the faster year-over-year revenue change (-5.0% vs -6.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $-86.8M). Over the past eight quarters, KILROY REALTY CORP's revenue compounded faster (-1.2% CAGR vs -7.7%).
Ashford Hospitality Trust Inc is a U.S.-headquartered real estate investment trust focused on upper-upscale full-service hotel properties across key U.S. urban, suburban and resort markets. Its portfolio holds assets under top global hospitality brands, serving business and leisure travelers, with a focus on long-term value growth and stable shareholder returns.
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
AHT vs KRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $272.2M |
| Net Profit | $-69.3M | $17.1M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | — |
| Net Margin | -26.8% | 6.3% |
| Revenue YoY | -6.0% | -5.0% |
| Net Profit YoY | 44.2% | -73.7% |
| EPS (diluted) | $-12.85 | $0.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $259.0M | $272.2M | ||
| Q3 25 | $266.1M | $279.7M | ||
| Q2 25 | $302.0M | $289.9M | ||
| Q1 25 | $277.4M | $270.8M | ||
| Q4 24 | $275.5M | $286.4M | ||
| Q3 24 | $276.6M | $289.9M | ||
| Q2 24 | $316.5M | $280.7M | ||
| Q1 24 | $303.9M | $278.6M |
| Q4 25 | $-69.3M | $17.1M | ||
| Q3 25 | $-60.1M | $162.3M | ||
| Q2 25 | $-30.4M | $79.6M | ||
| Q1 25 | $-20.0M | $43.7M | ||
| Q4 24 | $-124.2M | $65.0M | ||
| Q3 24 | $-57.9M | $57.7M | ||
| Q2 24 | $50.3M | $54.5M | ||
| Q1 24 | $71.6M | $55.7M |
| Q4 25 | -2.6% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 16.3% | — | ||
| Q1 25 | 22.2% | — | ||
| Q4 24 | -17.8% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 42.8% | — | ||
| Q1 24 | 50.2% | — |
| Q4 25 | -26.8% | 6.3% | ||
| Q3 25 | -22.6% | 58.0% | ||
| Q2 25 | -10.1% | 27.4% | ||
| Q1 25 | -7.2% | 16.1% | ||
| Q4 24 | -45.1% | 22.7% | ||
| Q3 24 | -20.9% | 19.9% | ||
| Q2 24 | 15.9% | 19.4% | ||
| Q1 24 | 23.5% | 20.0% |
| Q4 25 | $-12.85 | $0.11 | ||
| Q3 25 | $-11.35 | $1.31 | ||
| Q2 25 | $-6.88 | $0.57 | ||
| Q1 25 | $-4.91 | $0.33 | ||
| Q4 24 | $-13.64 | $0.50 | ||
| Q3 24 | $-12.39 | $0.44 | ||
| Q2 24 | $2.50 | $0.41 | ||
| Q1 24 | $5.99 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $66.1M | $179.3M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $5.4B |
| Total Assets | $2.8B | $10.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.1M | $179.3M | ||
| Q3 25 | $81.9M | $372.4M | ||
| Q2 25 | $100.0M | $193.1M | ||
| Q1 25 | $85.8M | $146.7M | ||
| Q4 24 | $112.9M | $165.7M | ||
| Q3 24 | $119.7M | $625.4M | ||
| Q2 24 | $121.8M | $835.9M | ||
| Q1 24 | $111.1M | $855.0M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $-626.4M | $5.4B | ||
| Q3 25 | $-548.7M | $5.5B | ||
| Q2 25 | $-485.5M | $5.4B | ||
| Q1 25 | $-446.1M | $5.4B | ||
| Q4 24 | $-419.2M | $5.4B | ||
| Q3 24 | $-288.4M | $5.4B | ||
| Q2 24 | $-225.9M | $5.4B | ||
| Q1 24 | $-276.8M | $5.4B |
| Q4 25 | $2.8B | $10.9B | ||
| Q3 25 | $3.0B | $11.0B | ||
| Q2 25 | $3.1B | $10.9B | ||
| Q1 25 | $3.1B | $10.9B | ||
| Q4 24 | $3.2B | $10.9B | ||
| Q3 24 | $3.3B | $11.4B | ||
| Q2 24 | $3.3B | $11.5B | ||
| Q1 24 | $3.5B | $11.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-15.7M | $566.3M |
| Free Cash FlowOCF − Capex | $-86.8M | $450.3M |
| FCF MarginFCF / Revenue | -33.5% | 165.4% |
| Capex IntensityCapex / Revenue | 27.5% | 42.6% |
| Cash ConversionOCF / Net Profit | — | 33.10× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | $833.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.7M | $566.3M | ||
| Q3 25 | $5.5M | $176.6M | ||
| Q2 25 | $16.3M | $143.7M | ||
| Q1 25 | $-25.0M | $136.9M | ||
| Q4 24 | $-23.6M | $541.1M | ||
| Q3 24 | $795.0K | $176.3M | ||
| Q2 24 | $8.0M | $88.7M | ||
| Q1 24 | $-46.5M | $167.9M |
| Q4 25 | $-86.8M | $450.3M | ||
| Q3 25 | $-226.0K | $148.7M | ||
| Q2 25 | $-3.6M | $118.4M | ||
| Q1 25 | $-44.8M | $115.6M | ||
| Q4 24 | $-131.6M | $440.8M | ||
| Q3 24 | $-21.8M | $147.2M | ||
| Q2 24 | $-22.9M | $69.5M | ||
| Q1 24 | $-80.4M | $151.9M |
| Q4 25 | -33.5% | 165.4% | ||
| Q3 25 | -0.1% | 53.1% | ||
| Q2 25 | -1.2% | 40.9% | ||
| Q1 25 | -16.2% | 42.7% | ||
| Q4 24 | -47.8% | 153.9% | ||
| Q3 24 | -7.9% | 50.8% | ||
| Q2 24 | -7.2% | 24.7% | ||
| Q1 24 | -26.5% | 54.5% |
| Q4 25 | 27.5% | 42.6% | ||
| Q3 25 | 2.1% | 10.0% | ||
| Q2 25 | 6.6% | 8.7% | ||
| Q1 25 | 7.2% | 7.9% | ||
| Q4 24 | 39.2% | 35.0% | ||
| Q3 24 | 8.2% | 10.1% | ||
| Q2 24 | 9.8% | 6.8% | ||
| Q1 24 | 11.2% | 5.7% |
| Q4 25 | — | 33.10× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 1.81× | ||
| Q1 25 | — | 3.13× | ||
| Q4 24 | — | 8.32× | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | 0.16× | 1.63× | ||
| Q1 24 | -0.65× | 3.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHT
| Occupancy | $190.2M | 73% |
| Food And Beverage | $51.8M | 20% |
| Hotel Other | $16.6M | 6% |
KRC
Segment breakdown not available.
